Investors' Soapbox PM

Xilinx, Altera Set for China Boost

Now that China's big-three telecom carriers have reported first-half results, it appears combined capital expenditure in the first half represented less than one-third of the full-year guidance.

As a result, we expect China carrier spending to more than double in the second half driven by 4G network buildouts and broadband-expansion projects. In addition, inventory in the supply chain remains well below the 10-year...